The ugly numbers are finally in on the 2017 Trump tax rewrite -- and the rich made out like bandits

[riversedge]

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The ugly numbers are finally in on the 2017 Trump tax rewrite — and the rich made out like bandits


https://www.rawstory.com/2020/09/the-ugly-numbers-are-finally-in-on-the-2017-trump-tax-rewrite-and-the-rich-made-out-like-bandits/#.X1I4lQ1XKyU.twitter



By David Cay Johnston, DCReport @ RawStory

Published 2 hours ago on September 4, 2020



The first data showing how all Americans are faring under Donald Trump reveals the poor and working classes sinking slightly, the middle-class treading water, the upper-middle-class growing, and the richest among us luxuriating in rising rivers of greenbacks.

More than half of Americans had to make ends meet in 2018 on less money than in 2016, my analysis of new income and tax data shows.

The nearly 87 million taxpayers making less than $50,000 had to get by in 2018 on $307 less per household than in 2016, the year before Trump took office, my analysis shows.



That 57% of American households were better off under Obama contradicts Trump’s often-repeated claim that he had created the best economy ever until the pandemic.

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[Laelth]

1. That was the point, wasn't it? n/t

-Laelth

[denem]

2. yes

The end point is where people are starving, and only those on side with the regime get food.

[FakeNoose]

3. He's just Ronald Reagan 2-point-0

... with a lot more hate and racism. It's astounding to me that anyone who's not a one-per-center would vote for him.

[marble falls]

4. "Bandits".

[Midnight Writer]

5. I used tax software to compare before and after. My tax cut was $6 a month.

Meanwhile, my health insurance increased $21 a month.

Thank You, President Trump!

[SoonerPride]

6. There is class warfare. And they are winning.

They won't be happy until 95% of us are starving to death in rags and 5% own everything.